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02:05 PM, January 30, 2017
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Reliance Wins $134 Million To Design, Construct 14 Patrol Vessels For Indian Coast Guard
Reliance wins $134 million for construction of 14 fast patrol vessels for Indian Coast Guard.

Reliance Defence and Engineering (RDEL) has signed Rs 916 crore contract with Defence Ministry for design and construction of 14 fast patrol vessels for Indian Coast Guard.

RDEL emerged winner through a competitive bidding process undertaken by Ministry of Defence with participation from almost all the private sector and public sector shipyards namely, L&T, Cochin Shipyard Ltd, Goa Shipyard Ltd, Garden Reach Shipbuilders & Engineers Ltd (GRSE), the company said in a statement Monday.

This is the first time a private sector shipyard has been awarded a contract to design and build such class of ships for Indian Armed Forces. RDEL will be developing the design in-house, it said.

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